On November 16, 2021, it was announced that the naming rights to the Staples Center had been acquired by Singapore-based cryptocurrency exchange Crypto.com, renaming it Crypto.com Arena effective December 25, 2021 (with the changeover coinciding with the Lakers' nationally-televised Christmas Day game).
Why did they change Staples Center to crypto com?
The building is changing its name to Crypto.com Arena on Christmas under what's believed to be the richest naming rights agreement in sports history. Staples Center, the downtown Los Angeles home to several local pro sports teams, will be renamed Crypto.com Arena.
Did crypto com buy Staples Center?
Just weeks earlier, Crypto.com had paid a reported $700 million for the right to supplant Staples as the stadium's official name, a surprise deal believed to be the largest venue naming rights deal ever.
How long is the Crypto .com contract in Staples Center?
Staples paid $100 million for naming rights in a 10-year deal. The $375 million Staples Center opened in October 1999. The Lakers won three consecutive titles in the venue's first three years.
How much did crypto pay for Staples Center?
Crypto.com is paying $700 million for the naming rights to the arena, according to multiple reports. CNBC's Jabari Young reported in November that the new name will be attached to the venue for the next 20 years. "This partnership is about the future," president and CEO of AEG Dan Beckerman said.
21 related questions foundDo Lakers own Staples Center?
Staples Center is the arena Shaq and Kobe built (even though the Lakers never owned the building).
Why did Staples Center change their name?
In November, AEG, the owner of the iconic downtown LA venue previously called Staples Center, announced that its building would be changing its name. It revealed that it would be called Crypto.com Arena starting on Christmas Day. Like everything else in the world, the change has to do with money.
Is crypto com Chinese owned?
Crypto.com is operated by Foris DAX Asia, a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited. In January 2022, Crypto.com was the victim of a hack totaling $15 million in stolen Ether.
When did staples buy Staples Center?
Staples bought lifetime naming rights for the Staples Center in 2009. It was thought that as long as the arena was standing, it would be called the Staples Center. It was the first lifetime naming rights deal for a major market arena.
What is happening to Staples Center?
Staples Center will be renamed Crypto.com Arena
The arena currently houses the Los Angeles Lakers, Clippers, Kings and Sparks. The name change is set to officially take place when the Lakers host the Brooklyn Nets in the NBA's annual Christmas Day basketball game.
Did the Staples Center change their name?
LOS ANGELES (AP) — Staples Center is getting a new name. Starting Christmas Day, it will be Crypto.com Arena. The downtown Los Angeles home of the NBA's Lakers and Clippers, the NHL's Kings and the WNBA's Sparks will change its name after 22 years of operation, arena owner AEG announced Tuesday night.
Where did the Lakers play before Staples Center?
The Forum was also the home of the WNBA's Los Angeles Sparks from 1997 to their 2001 move to Staples Center.
What was the Staples Center called before 1999?
Beginning that day, the arena on South Figueroa Street will be known as Crypto.com Arena as part of a naming rights deal believed to be worth more than $700 million. The arena has been known as Staples Center since it opened in 1999.
Do the Kings own Staples Center?
AEG also owns and operates the Staples Center, which is home to the Kings, Lakers, Los Angeles Clippers and Los Angeles Sparks, as well as the Home Depot Center, which is home to the Galaxy and Chivas USA of Major League Soccer.
Who has sold out the Staples Center the most?
Mexican band Grupo Firme have wrapped up a ten-night arena run in the US, seven of them at Staples Center in Los Angeles, selling more than 100,000 tickets and taking the record for the most shows in a single year at the venue by a Latin act.
What was Staples Center called before Staples?
Staples Center, the downtown Los Angeles home to several local pro sports teams, will be renamed Crypto.com Arena. The Lakers christened the then-brand new arena by winning the NBA title in its first season. They then went on to win two more the next two seasons.
How much did Crypto com pay the Lakers?
The downtown arena is the home court to the Lakers, Clippers and National Hockey League's Kings franchise. Terms of the agreement were not disclosed, but a person familiar with the deal told CNBC it was a 20-year contract worth $700 million. That makes the deal one of the richest naming rights agreements in sports.
Does Shaq own the Staples Center?
Congratulations to the owners for getting a new deal, but hey, the Staples Center belongs to Shaq and Kobe forever.” This generation of NBA players grew up watching Kobe Bryant ascent to greatness in Staples Center.
Does Kobe Bryant have a statue at Staples Center?
8 and 24 jerseys were retired and raised on Staples Center rafters 4 years ago. She was extensively quoted as saying that Bryant would receive a statue once he was inducted into the Naismith Memorial Basketball Hall of Fame. AEG, responding to our inquiries today, says there is no update on the statue.
Why did they remove Staples Center?
NewsChopper4 Alpha captures crews removing the iconic Staples Center lettering and logos from the outside of the stadium, to make way for its new identity as the Crypto.com Arena. The new name and logos are part of a 20-year naming rights agreement between the cryptocurrency platform and stadium owner AEG.
Who is the founder of cryptocurrency?
Satoshi Nakamoto is the pseudonym who penned the original Bitcoin whitepaper and is the identity credited with inventing Bitcoin itself. While several people have claimed to be Satoshi, the true identity has never been verified nor revealed. Given the price of BTC today, Satoshi would be a billionaire.
